Arbitration Mechanism in Stock Exchanges

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.... 11, 2010, has streamlined the arbitration mechanism available at stock exchanges for arbitration of disputes (claims, complaints, differences, etc.) arising between a client and a member (Stock Broker, Trading Member and Clearing Member) across various market segments. II. Based on feedback from investors, it has been decided to replace Para 7 of the SEBI Circular Ref. No. CIR/MRD/DSA/24/2010 ....

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....lakh Rs. 39,000 plus 0.9% amount above Rs. 10 lakh > 25,00,000 Rs. 17,500 plus 0.2 % amount above Rs. 25 lakh subject to maximum of Rs. 30,000 Rs. 52,500 plus 0.6 % amount above Rs. 25 lakh subject to maximum of Rs. 90,000 7.2 A client, who has a claim / counter claim upto Rs. 10 lakh and files arbitration reference for the same within six months, shall be exempt from the deposit. ....

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.... settled, whichever is relevant for the dispute, and after excluding:- a. the time taken by the Investors Grievances Redressal Committee of the Stock Exchange (the time taken from the date of receipt of dispute till the decision by the committee) to resolve the dispute under its Rules, Bye-laws & Regulations, and b. the time taken by the member to attempt the resolution of the di....

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....inate the same through their website; and c. communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Development Reports to SEBI. IV. SEBI inspection of stock exchange shall cover implementation of this circular. V. This Circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of I....